Nationwide FlexDirect - 5% interest, free overdraft

MarkLondon

Didn't need he free Euro travel insurance as have a yearly worldwide policy.

Just posted the few details for other peoples info .....

htis

Hi,
I guess this has probably been asked before but unfortunately I don't have time to read through all 800 odd posts. Just want to check that with this account I could keep in 2k, move it to my first direct current account, then the same day put the same 2k back in and ill continue to get the 5% And keep doing that month after month even though I'm not adding any more in? Thanks!

YorkshireBoy

htis wrote: »

I don't have time to read through all 800 odd posts.

The answer to your question lies in the one page T&Cs on their website.


The only (key) condition is to deposit at least £1,000 each calendar month. What you do with the money after you've met this condition is entirely up to you.

MARTYM8`

htis wrote: »

Hi,
I guess this has probably been asked before but unfortunately I don't have time to read through all 800 odd posts. Just want to check that with this account I could keep in 2k, move it to my first direct current account, then the same day put the same 2k back in and ill continue to get the 5% And keep doing that month after month even though I'm not adding any more in? Thanks!

Yes - you just have to credit £1k plus a month - as long as its not from another Nationwide account.

So that would be fine.

Michellexxx

I am spending Easter bored and fed up. Despite being in credit Nationwide have put a stop on my account because they say a letter has been returned to them from my address. my card was declined. All branches shut, nothing they can do. Thanks Nationwide

ceredigion

Michellexxx wrote: »

I am spending Easter bored and fed up. Despite being in credit Nationwide have put a stop on my account because they say a letter has been returned to them from my address. my card was declined. All branches shut, nothing they can do. Thanks Nationwide

Do you not have multiple other account's that you can use until Tuesday.

jimjames

Michellexxx wrote: »

I am spending Easter bored and fed up. Despite being in credit Nationwide have put a stop on my account because they say a letter has been returned to them from my address. my card was declined. All branches shut, nothing they can do. Thanks Nationwide

Lost and stolen card line should be open, have you tried them?

MoneyMate

Do they only check back 3 months or so to make sure the magical amount goes in each month to meet requirements ?

YorkshireBoy

MoneyMate wrote: »

Do they only check back 3 months or so to make sure the magical amount goes in each month to meet requirements ?

I'm not sure exactly what you mean? But I'd imagine they'd "check" every month, being as if you don't meet the T&Cs, ie credit at least £1K, you don't get your 5%.

anna42hmr

Well have converted my account to Flex Direct today (to be on safe side waited a couple days more after the anniversary since held one last - previous account was closed on 3 April 2014). so will see what happens, fingers crossed for a second time on 5%.